QP Wealth Management LLC Invests $2.45 Million in Lumentum Holdings Inc. $LITE

QP Wealth Management LLC acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 6,655 shares of the technology company’s stock, valued at approximately $2,453,000. Lumentum makes up approximately 2.2% of QP Wealth Management LLC’s investment portfolio, making the stock its 12th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allworth Financial LP lifted its stake in Lumentum by 6.4% in the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock worth $128,000 after purchasing an additional 47 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Lumentum by 0.4% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock valued at $2,532,000 after buying an additional 64 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Lumentum by 11.2% during the third quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock valued at $150,000 after buying an additional 93 shares during the last quarter. MAI Capital Management increased its holdings in shares of Lumentum by 27.0% in the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after buying an additional 96 shares during the period. Finally, KLP Kapitalforvaltning AS lifted its stake in shares of Lumentum by 0.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 15,171 shares of the technology company’s stock valued at $2,468,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on LITE. Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. boosted their price objective on Lumentum to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. B. Riley Financial raised Lumentum from a “neutral” rating to a “buy” rating and increased their price objective for the company from $147.00 to $526.00 in a research note on Wednesday, February 4th. Stifel Nicolaus raised their target price on shares of Lumentum to $800.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Northland Securities set a $350.00 target price on shares of Lumentum in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $575.06.

Lumentum Trading Down 8.5%

NASDAQ LITE opened at $706.35 on Friday. The stock has a market cap of $50.43 billion, a P/E ratio of 216.67 and a beta of 1.38. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $787.45. The stock has a 50 day simple moving average of $542.15 and a two-hundred day simple moving average of $348.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The business’s revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Bank of America raised its price target sharply (reported as a 29% hike) and framed Lumentum as a key AI‑optics beneficiary, boosting investor confidence in the company’s data‑center connectivity positioning. Article Title
• Positive Sentiment: Reports that Lumentum is pursuing an $8 billion annual revenue target and has landed a major OCS contract have fueled bullish sentiment around its optical components backlog and long‑term growth runway. Article Title
• Positive Sentiment: Analyst support increased: Rosenblatt issued a Buy rating and Morgan Stanley boosted its price target (to $595), adding further institutional validation for the stock’s outlook. Rosenblatt Buy MS PT Boost
• Positive Sentiment: Industry research highlights Lumentum’s strength in OCS and CPO product lines and an expanding AI‑era backlog — factors that could sustain revenue growth as hyperscalers shift from copper to optical solutions. Article Title
• Positive Sentiment: Anticipation of official inclusion in the S&P 500 has driven buying into LITE as index funds and ETFs rebalance, supporting near‑term demand for the shares. Article Title
• Neutral Sentiment: Technical/flow factors: Some momentum traders cite a “power inflow” trading signal that helped push the stock higher in the short term; this is supportive but may be transient. Article Title
• Negative Sentiment: Caution from some analysts: while price action is strong, certain writeups note that recent earnings‑estimate revisions and lofty valuation metrics could limit upside or make the stock vulnerable to a pullback if growth expectations slip. Article Title

Insider Activity at Lumentum

In other Lumentum news, CFO Wajid Ali sold 5,302 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the transaction, the chief financial officer directly owned 66,287 shares in the company, valued at approximately $45,812,934.31. This represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the sale, the insider directly owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,775 shares of company stock valued at $38,851,343 in the last 90 days. 0.43% of the stock is owned by company insiders.

Lumentum Profile

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.